Month: January 2015

The Book of the Week is “Rosewater” by Maziar Bahari and Aimee Molloy, published in 2011.

This ebook’s author, an Iranian Canadian journalist at Newsweek, tells the story of his arrest and imprisonment in Iran after the re-election of Ahmadinejad in the summer of 2009. The author was living in London with his pregnant wife when he returned of his own volition to Iran to cover news of the election. Voters were protesting in the streets, and unsurprisingly: a) riot police dealt with them violently; and b) the election results were fraudulent. The Iranian government, at the behest of its Supreme Leader Ali Khamenei, was tailing the author, and knew it was going to arrest him.

Bahari had written stories critical of the regime and knew he was a target. He was a Darwin Award candidate of sorts. Prior to his ordeal, he chose to live the life of a political journalist of an embattled country; he knowingly risked his life by going there, especially during election time. To push the point, he wrote, “I had been reporting on the Islamic Republic for twelve years. I knew how irrational and dangerous the regime could be.”

Further, Bahari had a martyr complex in that, while in jail, he refused to name his professional contacts when he was tortured. He was accused of being a spy against Iran. Political activism ran in his family. His father, who had died a few years previously, constantly reminded him of his own torture and gave him advice on what he himself did to remain sane and survive; his late older sister had been jailed and tortured for dissidence as well. His mother still lived in Tehran, and also loved her country but was aggrieved at what had recently happened to it. In the past, she had been politically active. It was great good luck that Bahari’s wife was yet another outspoken advocate of justice. She pressured the U.S. government via the media for his release.

The Iranian government was behaving like the Soviet Union’s did in the Stalin Era– arresting, imprisoning and torturing what it perceived to be its political enemies. Toward the end of the story, the author rambles on a bit too long about the behavior of his captors.

Nevertheless, read this suspenseful ebook to learn the insightfully described details of Bahari’s suffering, his shrewd handling of his situation and the account of yet another political prisoner of a dictatorship. Needless to say, there is nothing new under the sun.

This blogger read most of the book, “All Things Possible, Setbacks and Success in Politics and Life” by Andrew Cuomo, published in 2014. This career memoir tells how the author has followed in his father’s footsteps, building a life for himself in New York State politics as a bleeding-heart liberal. Of course, the timing of this book’s release coincided with his re-election campaign for governor of New York State.

As a side note, in mid-July 2014, this blogger heard a smear campaign against Cuomo’s opponent, Rob Astorino, in the guise of a short telephone survey. The wording of the questions was quite biased. The questions went something like, “If you knew Astorino was against abortion, and Cuomo favored women’s reproductive rights, would you vote for Astorino, or Cuomo?” and “If you knew Astorino raised property taxes in Westchester…” This blogger was turned off by this dirty campaigning by the Cuomo camp.

It is inappropriate at any time, but completely unnecessary because Cuomo was the incumbent in a race in which there would be extremely low voter turnout. He was destined to be overwhelmingly reelected regardless. That is the kind of seemingly minor slur that could make or break a close election; obviously an aspect of politics Cuomo forgot to mention in this book.

In the mid-1980’s, due to his New-York-State-governor-father’s power and influence, Cuomo enjoyed an immediate meteoric rise in practicing law. Cuomo became a partner at a law firm whose members had close ties to his father. This, after graduating law school and serving as an Assistant District Attorney for only one year. The usual time frame for making partner for the most brilliant Northeastern elitists who billed the most client-hours at New York City’s top law firms at that time was five to eight years, and even then, it was akin to winning the lottery. This makes Cuomo more of an “outlier” (according to Malcolm Gladwell) than Bill Gates, who worked around the clock for years before achieving fame and developing a reputation for expertise in a particular field.

Nevertheless, through the decades, Cuomo has implemented many policy changes and racked up achievements as New York State Attorney General and Governor. According to this book, he is a man of action. In the late 1980’s, he improved the quality of life of thousands of people through “HELP,” the nonprofit organization he created. It built temporary housing for the homeless and oversaw the attempts to improve other aspects of their lives, through drug rehabilitation and job training.

At the start of President Bill Clinton’s first term, Cuomo arrived at Housing and Urban Development. The federal agency had been in disarray for years, having lost billions of dollars to “…fraud, theft, mismanagement and favoritism.” Cuomo helped reallocate funds for a multi-billion dollar program more fairly. He writes that Clinton implemented a policy that applied both Republican and Democratic ideologies, respectively: a) “… the private sector, not government, creates jobs and wealth” and b) the culturally disadvantaged will help themselves if they get government services such as education, training, etc. At HUD, under Cuomo’s leadership, the gravy train ended for slumlords.

Read the book to understand the details of the political and life lessons Cuomo has learned, find out everything you ever wanted to know about his administration’s legislative actions on same-sex marriage and gun control, and his personal values and family life.

The Book of the Week is “Outwitting History: The Amazing Adventures of a Man Who Rescued a Million Yiddish Books” by Aaron Lansky, published in 2005. The author of this ebook, passionate about the Yiddish language and the culture and history behind it, made a career of preserving books in Yiddish by physically transporting them to an eventual library he and a few others started.

Lansky attended a Northeastern free-spirited college, Hampshire, where he was afforded the opportunity to become fluent in Yiddish. Teaching of the language between generations has been uneven because different factions of Jews have different opinions of it so that its popularity has risen and fallen through the centuries. Lansky felt a sense of immediacy about saving Yiddish literature because he was told that scholars “…estimated that there were seventy thousand Yiddish volumes extant and recoverable in North America” and he was finding out that books were being destroyed for diverse reasons in various ways.

Funding and fundraising have always been a challenge for the author through the decades. To pick up hundreds of Yiddish volumes at once, say, from the home of an intellectual Jew who had passed away, he needed to pay for: renting a truck, gas, insurance, travel expenses, storage, etc. Lecturing has also been a source of money for his endeavors.

Read the book to learn how the National Yiddish Book Center was formed, how he recruited other people to help him with collecting books, the social and cultural organizations to which he traveled to collect them, the food he was pressured to eat while meeting a lot of volunteers of the older generation who shared his love of, and desire to keep Yiddish alive, and how his organization is harnessing modern technology to attain its aims.

The Book of the Week is “Molly Ivins” by Bill Minutaglio and W. Michael Smith, published in 2009. This is a biography of Molly Ivins– witty, brash journalist.

Born in 1944, Ivins was someone whom Malcolm Gladwell would characterize as an “outlier.” Her daddy was a social climber in the oil industry in Texas. The family was good friends with the political Bush family. They lived in the wealthy area of River Oaks. Ivins and her older sister and younger brother went sailing on her father’s yacht and their house had a swimming pool.

In the 1960’s and 1970’s, female journalists were relegated to writing about food, the country club and fashion. Except for Ivins. She did years-long stretches writing about urban issues and politics for newspapers in Minneapolis, New York and Austin. While at the New York Times, she wrote, “I am becoming a Yankees fan, that’s how low I’ve sunk.”

Ivins was morally repulsed by the conflicts journalists had. She thought objectivity in reporting was virtually useless. Her irreverent, wickedly funny articles, frequent participation in the nicotine- and alcohol-fueled social culture of journalists, and her generosity in her personal life earned her a large following.

Read the book to learn the details of how Ivins achieved her fame and eventual fortune.

The Book of the Week is “Why I Left Goldman Sachs” by Greg Smith, published in 2012.

This career memoir details how the author experienced the change for the worse in corporate culture of stock brokerage Goldman Sachs (GS) over the course of a little more than a decade, from 2000 to early 2012. The company lost its way in terms of its mission and values, which embodied fiduciary duty and integrity.

In 2000, the author completed the selective, elitist, highly coveted summer internship program at the brokerage. He saw how principled the money managers were in recommending truly suitable transactions to their clients; not necessarily the most profitable ones.

When he began working there as a full-fledged staff member the following year, he took to the work, possessing the right combination of talents, skills and abilities to focus for long hours on conferring with clients and doing what was financially best for them. The goal was to build trust in order to foster a long-term relationship. It stands to reason that that is a more profitable course of action than seeking to rake in maximum money in the short term– which would provoke disloyalty from the client, when the client realizes he’s been taken advantage of.

Smith writes that a gradual change was occurring at his workplace around the start of 2005. At the time, he admittedly was “drinking the Kool Aid” like everyone else. The megabucks were multiplying because conflicts of interest were increasing betwen the brokerage and the government and other entities with which the brokerage was associated in various ways. The CEO and COO of GS were all for it. Their yearly letter to shareholders reasoned that such conflicts were inevitable, and were a sign that business was good. A telling example: GS netted approximately $100 million when it helped its client, the New York Stock Exchange merge with publicly traded, electronic exchange Archipelago in a $9 billion deal.

In the early 2000’s, one trend in the securities industry that would contribute to huge financial losses for the big firms including GS, was automated trading via software. The autotraders of the different firms were programmed to engage in largely the same behavior. They sought to trade in obscure, off-the-beaten path investments in markets in which it was difficult to find a buyer when it came time to sell. And they were all trying to sell at the same time. That was not a condition the autotrader creators had anticipated.

Another aspect of the big picture was that the people selling the financial products– more specifically, derivatives– did not themselves, understand what they were selling. It might be recalled that a derivatives debacle plagued the securities industry in 1994. Apparently, in 2007-2009, the greedy people involved in this rerun of a financial catastrophe failed to read their history, or had short memories. And governments of entire countries like Libya, were suffering losses of billions of dollars, thanks to GS, in 2007.

Read the book to learn much more about the outrageous occurrences borne of avarice witnessed by the author and the world during what became for him, an ordeal, characterized by the saying, “The fish rots from the head down.”

This blogger skimmed the ebook, “The Oil Road” by James Marriott and Mika Minio-Paluello, published in 2012. This is a series of vignettes of visits of the authors to territories where fossil fuels (namely, oil and natural gas) were or are being drilled for, collected or transported, where a disaster took place, and the issues surrounding the fossil fuels industry.

The authors traversed mostly Azerbaijan, Turkey and Soviet Georgia. They spoke with people in rural villages whose lives were disrupted by greedy corporations. In the mid-1990’s, a group of companies (including BP, Amoco, Lukoil of Russia, Ramco, Unocal, Pennzoil and State Oil Company of the Azerbaijan Republic) formed a consortium to consolidate their power and protect their geopolitical and economic interests. Those interests would be to make the maximum amount of money; environment and unlucky peasants who happened to live in villages where oil pipelines were soon to be constructed be damned. The pipelining of natural gas involves “… intense lobbying, billions of dollars of loans, and the balance of political and economic power.” It was not uncommon to intentionally submit a lowball bid on a project so that “…US diplomacy ensured that the cost overruns on the [oil] pipeline [construction] were carried not by private oil companies, but by Turkish taxpayers.”

In the late 1800’s, oil was originally used in the form of kerosene in lamps, obsolescing whale blubber, distilled alcohol and tallow. Businesspeople found other increasingly profitable uses for it through the decades, due to political, technological and cultural forces, of course. A few powerful business families, such as the Rockefellers, the Rothschilds and the Nobels controlled the oil going into WW I. Spheres of influence shifted with the Russian Revolution and tribal, land and religious disputes, too.

Read the book to learn about: instances of companies’ irresponsiblity, companies’ weaseling out of trouble after serious incidents and destroying a way of life for rural, powerless peoples; numerous accidents waiting to happen; why governments of developed nations couldn’t let BP go bankrupt after its spring 2010 disaster; and who the major beneficiaries of the business are. Here’s a hint: “…profit generated mainly flows to London and New York… ultimate power drivers were in Washington, London and Brussels.”

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About Me

Sally loves brain candy and hopes you do, too. Because the Internet needs another book blog.

My Book

This is the front and back of my book, "The Education and Deconstruction of Mr. Bloomberg, How the Mayor’s Education and Real Estate Development Policies Affected New Yorkers 2002-2009 Inclusive," available at Google's ebookstore Amazon.comand Barnes & Noble among other online stores.